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If the Government Altered Its Invention Patent Policy from a Monopolistic

Question 43

Multiple Choice

If the government altered its invention patent policy from a monopolistic policy to a competitive policy, then consumers


A) would face higher prices and less quantity in the long-run.
B) would face lower prices and less quantity in the short-run
C) would benefit from the lower price and greater quantity sold.
D) would benefit from lower prices due to increased public investments

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